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UK business activity grew at fastest pace since 1998 in May

first_imgChris Williamson, chief business economist at IHS Markit, said: “The UK is enjoying an unprecedented growth spurt as the economy reopens. Factory orders are surging at a recordpace as global demand for goods continues to revive, and the service sector is reporting near record growth as the opening up of the economy allows more businesses to trade. Services activity also grew, with a score of 61.8, its highest reading since 2013, as a result of the partial reopening of the hospitality sector and roll back of pandemic restrictions, as well as strong rises in spending by both consumers and businesses in May. Williamson added: “A direct consequence of demand running ahead of supply was a steep rise in prices, hinting strongly that consumer price inflation has much further to rise after lifting to 1.5% in April. “As these constraints ease, price pressures should abate, but there remains a great deal of uncertainty as to how long it will take for global business and trade to return to normal functioning More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com A flash reading of the IHS Markit Composite PMI, which combines services and manufacturing, came in at 62.0, up from 60.7 in April. Tags: Purchasing Managers’ Index (PMI) The UK economy will bounce back to pre-Covid levels by the end of 2021, according to the latest CBI forecast. (Getty Images) Also Read: UK business activity grew at fastest pace since 1998 in May The UK economy will bounce back to pre-Covid levels by the end of 2021, according to the latest CBI forecast. (Getty Images) Steep increases in output, new orders and employment pushed the index to a record level, but severe delays continued across global supply chains. “However, the inflationary spike could prove temporary, as many of the price hikes have reflected surcharges on shipping and other shortage-related issues emanating from the pandemic. Despite the optimism, IHS Markit also sounded a note of caution over the rise in consumer price inflation over the last couple of months. Any score above 50 indicates growth. whatsapp IHS Markit said that the UK was enjoying an “unprecedented growth spurt” due to the reopening, but warned that April’s rise in inflation could yet continue. Jai Malhi, Global Market Strategist at J.P. Morgan Asset Management, said: “Today’s UK PMI release showed that last month’s strong reading was not a one-off. With the economic reopening still underway the rise in the manufacturing PMI showed there is still more growth to come. “This kind of mismatch between demand and supply usually leads to higher prices for the end customer.” Before the Open: Get the jump on the markets with our early morning newsletter The best performing sector was manufacturing, which recorded a reading of 66.0, its highest level since 1992. Business activity in the UK expanded at its fastest rate since 1998 in May as the economy raced out of lockdown, new data today showed. Share Friday 21 May 2021 10:29 am Edward Thicknesse Show Comments ▼ UK business activity grew at fastest pace since 1998 in May “Appetite from consumers to spend is clearly booming, but at the same time UK businesses have faced even more acute supply bottlenecks this month – causing input prices to reach their highest level on record. Inflation has ‘further to rise’ In April, the rate of CPI more than doubled to 1.5 per cent, driven by a rise in electricity and gas bills. “Business confidence has meanwhile hit an all-time high as concerns about the impact of the pandemic continue to fade. The strongest upturns in demand were reported for hotels, restaurants and other consumer-facing services, though improvements were reported across the board in all sectors.” IHS said that May saw the strongest rate of output charge inflation since the index began nearly 22 years ago. whatsapp The UK economy will bounce back to pre-Covid levels by the end of 2021, according to the latest CBI forecast. (Getty Images) Also Read: UK business activity grew at fastest pace since 1998 in May last_img read more

Trump signs 3 executive orders, including withdrawal from Pacific trade deal

first_imgFederal Government | Nation & World | NPR News | PoliticsTrump signs 3 executive orders, including withdrawal from Pacific trade dealJanuary 23, 2017 by Brian Naylor, NPR Share:President Trump acted on Monday to keep a signature campaign promise: withdraw the U.S. from the Trans-Pacific Partnership.Trump’s action, an executive order, is mostly symbolic.As he signed the order in the Oval Office, Trump said, “We’ve been talking about this for a long time,” adding it’s “a great thing for the American worker.”Trump also signed two other executive orders, though NPR has not seen the official language on the orders yet. One is expected to impose a hiring freeze on federal workers, except for defense-related positions; the other may be a reinstatement of the so-called Mexico City policy, a rule that began in 1984, when Ronald Reagan was president. As NPR has reported, the policy “blocked federal funding for international family planning charities unless they agreed not to ‘promote’ abortion by, among other actions, providing patients with information about the procedure or referrals to providers who perform it.”The TPP, as it’s known, is a trade agreement with 12 Pacific Rim nations. It was never ratified by the U.S. because of congressional opposition, but was strongly backed by the Obama administration. It would create a free trade area stretching from Japan to Chile, and it was seen as an effort to create a counterweight to China, which is not a party to the agreement.During the campaign, Trump called the TPP “a horrible deal” and a “potential disaster” that would hurt U.S. workers and companies.His action on TPP is Trump’s first effort to address the concerns over trade that helped propel him to the Oval Office, and there are many more expected. He is expected to begin talks to renegotiate the North American Free Trade Agreement with Canada and Mexico.In a meeting with business leaders Monday morning, Trump said, “We want to make our products here.”He also vowed to retaliate against businesses that close U.S. factories in favor of foreign plants. “If you go to another country,” Trump said, “we are going to be imposing a very major border tax.”Trump said that right now, “we don’t have free trade because we’re the only one that makes it easy to come into the country.”Copyright 2017 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

King Cove and feds exploring options to build road without Congressional approval

first_imgAlaska’s Energy DeskKing Cove and feds exploring options to build road without Congressional approvalOctober 19, 2017 by Zoë Sobel, Alaska’s Energy Desk Share:Former Interior Secretary Sally Jewell (center) gets a tour of King Cove in August, 2013 from Gary Hennigh (left). (Annie Feidt/Alaska Public Media)The city of King Cove is working closely with the Trump administration to find a way to build a road to Cold Bay through the Izembek National Wildlife Refuge. But city leaders are taking issue with a recent Washington Post article that describes the administration attempting to conceal a behind-the-scenes deal to build the road.Audio Playerhttps://media.ktoo.org/2017/10/zoe-king-cove.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Gary Hennigh has been working for the City of King Cove for decades and he’s focused on making the road to Cold Bay a reality. He says the community needs the road to provide access to Cold Bay’s all weather airport, so people aren’t left stranded in medical emergencies. Hennigh acknowledges that the Department of the Interior is working on an agreement to allow the road with the King Cove Corporation. But he says it isn’t a backroom deal.“It’s not like we’ve said, ‘oh, let’s meet in a dark alley at some point late at night,’” Hennigh said.When Donald Trump was elected president last November, Hennigh says community leaders representing the City of King Cove, the Aleutians East Borough, the King Cove Corporation, the Agdaagux Tribe, and the Native Village of Belkofski, immediately started discussing ways to reach out to the new administration. The conversation with the Interior Department got underway at the beginning of this year.Like other proposals, this deal would involve swapping land, this time between the King Cove Corporation and the federal government. The Corporation would then own a land corridor where the road through the refuge could be built.Other deals have included some element of Congressional approval. In 2013, after Congress directed then-Interior Secretary Sally Jewell to look into the road, Jewell rejected the idea saying it would irreversibly damage the Izembek Refuge and the wildlife that depend on it.This time around Hennigh thinks the deal could avoid Congress entirely.“We’ve come to be realistic, to know that the legislative world is a pretty big challenge,” Hennigh said. “If we don’t have to go there, we don’t want to. We want to see if that administrative agreement will work for us”That administrative agreement Hennigh mentions would be between the Interior Department and the King Cove Corporation. As he understands it, Congress approved administrative power in the Alaska Native Claims Settlement Act (ANCSA) and the Alaska National Interests Lands Conservation Act (ANILCA) that could allow for land exchanges between the federal government and eligible Alaska Native Corporations. So there would be no need for additional congressional approval.Hennigh is hopeful this approach will work. But environmentalists, like Nicole Whittington-Evans of The Wilderness Society, are angry. After so many public processes that all concluded the King Cove Road would significantly impact wildlife in the Izembek Refuge, Whittington-Evans is frustrated it’s up for discussion again.“The federal government has exhaustively studied this numerous times and always concluded the road would have significant impacts to the refuge and it’s wildlife, which the refuge was established to protect,” she said.Whittington-Evans believes because Congress decided the Izembek Refuge should be a designated wilderness area, the highest level of conservation given to federal lands, it’s only right that Congress would have to review any proposal to build a road.“For an administration to come along now and ignore congressional action and disregard all the public input on this issue to now,  shows a brazen disregard for existing laws and our nations framework around public input,” Whittington-Evans said.She’s worried the potential deal could undercut bedrock environmental laws like The Wilderness Act, The National Environmental Policy Act and ANILCA. The Interior Department did not respond to a request for comment. Alaska’s congressional delegation has advocated for a road to Cold Bay over the years. But if a deal is imminent, Senator Lisa Murkowski isn’t dropping any hints. Here’s Alaska Public Media’s Liz Ruskin talking to the Senator.“Have you been hearing anything about it that was going to break this week?” Alaska Public Media’s Liz Ruskin asked the Senator.“I’ve been hoping that it would break months ago,” Murkowski said.Hennigh also isn’t giving any indication of when a deal may become public. But he says the community is optimistic that a deal under this administration represents their best shot at the road in a very long time. Share this story:last_img read more

Greek parliament to vote on further bailout measures

first_img Greek parliament to vote on further bailout measures whatsapp whatsapp Greek Prime Minister Alexis Tsipras will be back in parliament today, attempting to cajole his MPs to vote in favour of a second package of bailout measures aimed at unlocking an aid programme worth as much as €86bn (£60bn).Given the support he’s received from lawmakers so far, it’s unlikely he’ll have much trouble getting the measures through. That will pave the way for negotiations on the new loan to begin on Thursday. Last night a Greek spokesperson said the country expects to have tied up talks by 20 August, leaving it with a three-year support package.An encouraging sign came yesterday in the form of ratings giant Standard & Poor’s upgrading Greece’s credit rating from CCC- to CCC+ and changing its outlook from “negative” to “stable”. The company said that while the threat of a Greek exit from the euro was still high, it had fallen to less than 50 per cent.Although critics warning Tsipras’ decision to accept new austerity measures after Greece’s “no” vote in the referendum may leave him in a precarious position, others have suggested the reform measures should pass with ease.”While several MPs from the ruling coalition parties might be expected to abstain or vote against the bill, Tsipras looks set to secure sufficient support from his own camp to deflect calls for his resignation,” said Chris Scicluna, head of economics at Daiwa Capital Markets.”Following this evening’s vote, the government and its creditors will then aim swiftly to conclude the agreement on the [aid] programme to enable further disbursement of funds by 20 August, when more than €3bn is due again to be repaid to the European Central Bank.”European markets were down this morning, driven lower after Apple missed expectations in results posted last night.The FTSE 100 was down 64 points or 0.8 per cent in early trading, while the Cac 40 fell 26 points or 0.5 per cent and the Dax fell 70 points or 0.6 per cent. Wednesday 22 July 2015 3:33 amcenter_img Emma Haslett Share Show Comments ▼ Tags: NULLlast_img read more

People / DHL Global Forwarding appoints Charles Kaufmann as managing director, Japan

first_img“Having spent a significant proportion of his illustrious career in Japan, I’m confident that Charles will achieve sustainable growth for our business in Japan in the years ahead.” By Alexander Whiteman 17/01/2017 DHL Global Forwarding has appointed Charles Kaufmann as its new managing director for Japan, adding to his responsibilities as chief executive of North Asia.Mr Kaufmann is a long-term DHL employee in a career which stretches back more than 40 years. Prior to his appointment as CEO of North Asia, he held several senior management roles in Japan and Korea over a 15-year period.DHL has described him as being instrumental in its development of multimodal services between Asia and Europe in line with China’s One Belt One Road initiative.Kelvin Leung, DHL Global Forwarding Asia Pacific’s chief executive, said the appointment would allow the firm to take an even more integrated approach to the North Asian region.last_img read more

Lawsuit alleges Florida special education teacher abused 5 students

first_imgAdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement BREVARD COUNTY, Fla. (WESH) – A federal civil rights lawsuit claims a Brevard County special education teacher abused five students with disabilities.The lawsuit was filed on behalf of five students with varying disabilities including autism, reported local NBC affiliate WESH.The students’ attorney said four of them are nonverbal. He said the paraprofessionals in the room were the ones who brought the allegations to light.“A whole classroom. That, to me, that you know, that’s just inexcusable,” Orlando-based attorney Aaron Carter Bates said. Two Florida teachers accused of providing, smoking marijuana with students March 21, 2021 RELATEDTOPICS The teacher is not being named because no criminal charges have been filed. The lawsuit claims the teacher would get in the students’ faces, nose to nose, and yell at them until they started to cry, WESH reported.The teacher would regularly step on the students’ fingers or toes when they were not sitting directly upright, according to the lawsuit. The teacher also allegedly gave instructions to paraprofessionals on how to gag students that tried to bite them and bragged about being known as the “mean teacher” at Ralph Williams. “Long term this has impacted him greatly. We’ve had extensive therapy and continue extensive therapy and it’s been almost two years now,” a parent said.Brevard County schools and the district are also named in the lawsuit for their fostering of a culture of non-accountability, the document alleges. center_img AdvertisementTags: brevard countyspecial education AdvertisementThe lawsuit was filed a week ago. It alleges an exceptional student education teacher at Ralph Williams Elementary School emotionally and physically abused five boys over the course of several weeks in 2019, reported WESH.Parents of the students did not want to be identified, but they said they are demanding change. “We knew there was something going on with our son. He was able to communicate it as best he could but not something that would ever point us to what we’ve learned thus far,” one parent said. Two Florida teachers arrested for smoking marijuana with students March 22, 2021 Florida firefighter accused of setting his own home on fire October 7, 2020 Advertisementlast_img read more

National Human Rights Commission of Korea accused of ignoring abductee issue

first_img “I have submitted a petition to the National Human Rights Commission of Korea [NHRCK] to locate my father who has been detained in North Korea for 48 years. But I received the following reply: ‘Your petition has been dismissed due to the highly political and diplomatic aspects of the case.’ If the Republic of Korea ignores the suffering of those whose family members were victims of the KAL hijacking incident, it is no better than a country that violates human rights.” North Korea tries to accelerate building of walls and fences along border with China RELATED ARTICLESMORE FROM AUTHOR There are signs that North Korea is running into serious difficulties with its corn harvest  Hwang In Cheol in front of the NHRCK office on May 8. National Human Rights Commission of Korea accused of ignoring abductee issue News Facebook Twitter Hwang expressed his exasperation with the committee for neglecting the KAL abductees. He held an official document from the NHRCK stating that it is “inappropriate” for the government to investigate the issue of those abducted by North Korea.“NHRCK has systematically rejected our fundamental rights and rightful requests in accordance with humanitarian principles. This is an anti-constitutional act and a violation of human rights as outlined by the Paris Principles,’” Hwang noted.Hwang, representative of the Association for Family Members of the KAL Kidnapping Victims, has been trying to focus attention on the plight of his father Hwang Won, who was one of the victims during the KAL abductions and has been held by North Korea for 16 years. He has expended significant efforts into repatriating his father since 2001, when he watched the third reunion of separated families on television. Since then, he has sought cooperation from the South Korean government, the United Nations, and North Korean human rights NGOs, etc.However, the South Korean government has consistently shown a lukewarm response toward the KAL abductees issue regardless of the political leaning of each successive government. “The South Korean government has classified the KAL abductees issue in the same category with separated families and has postponed addressing the problem, claiming, ‘There are too many separated families who need the same support.’ Some government representatives even reprimanded me, saying, ‘Why would we tackle a case that occurred 40 years ago?’” Hwang said.Hwang submitted a petition to NHRCK in December last year, asking for cooperation in repatriation efforts for the KAL abductees, including his father. The committee responded to his petition on April 4 this year, noting, “The abduction issue is a highly political and diplomatic matter and should be resolved in accordance with domestic and international political considerations and other circumstances. Therefore, it is inappropriate for the committee to investigate the case.”“How could the NHRCK receive an ‘A’ grade from the international community if it cannot even follow the Paris Principles? The Republic of Korea does not uphold human rights,” Hwang said.“For the past 16 years, the Division for Separated Families of the Ministry of Unification has not complied with humanitarian principles and the Convention for the Suppression of Unlawful Seizure of Aircraft. The illegal hijacking of civil airplanes should be resolved by repatriating the abductees and prosecuting the suspects at any cost,” Hwang emphasized.Hwang has appealed to the Global Alliance of National Human Rights Institutions [GANHRI] to reconsider the NHRCK’s ‘A’ grade after holding a press conference critiquing the South Korean government NHRCK at the entrance of the NHRCK building and also at the back gate of the government building.“When my father was kidnapped, I was only two years old, and from the age of 34, I began to pour all my efforts into bringing him back. However, even though I am in my 50s now, I still cannot expect any help from the government. But I will keep trying to confirm whether my father is still alive and repatriate him,” Hwang said.Hwang Won (Hwang In Cheol’s father) boarded a domestic YS-11 flight from Gangneung to Gimpo on December 11, 1969. The plane was hijacked by the North Korean spy Cho Chang Hee at about 12:35 pm while the plane was in flight above Daegwallyeong.At the time, North Korea promised to repatriate 50 passengers by February 4, 1970, in response to intensified international criticism, but reneged on its promises and only repatriated 39 passengers to South Korea on February 14. To this day, the four crew members and 7 passengers who were on the plane remain detained in North Korea and the regime has not provided clear information on whether they are still alive. center_img AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News By Daily NK – 2017.05.15 8:34am SHARE News last_img read more

Global regulators pledge to reform money market fund rules

James Langton Companies International Organization of Securities Commissions Facebook LinkedIn Twitter Now, the head of the International Organization of Securities Commissions (IOSCO) says that it still intends to push for reforms in this area of financial markets. The chairman of the board of IOSCO, Masamichi Kono, issued a statement indicating, “I have taken careful note of Mary Schapiro’s statement on money market fund reform in the United States. While refraining from directly commenting on a statement of the chair of a member organization, I would like to reaffirm that IOSCO will continue its work on the basis of the mandate given to it by the G20 heads of state and the [Financial Stability Board], to develop policy recommendations for strengthening oversight and regulation of the shadow banking system, including money market funds.” Kono noted that IOSCO’s committee on investment management will meet at the end of August to consider the public feedback it received on a consultation report published back in April, which made recommendations for regulatory reforms to mitigate the risk of runs on money market funds, and other systemic risks. He said IOSCO’s board will determine its next move at a meeting in Madrid in October, and will report to the G20 finance ministers meeting in November. It had been slated to develop policy recommendations by July of this year. The report from IOSCO’s technical committee sought comment on a variety of policy options including mandating a move to variable net asset value, or other alternatives, in an effort to lower the expectation that funds can’t suffer losses, which would reduce the risk of a run when a fund fails to live up to those expectations. It also proposed reforms to valuation and pricing frameworks to increase price transparency; liquidity management measures to ensure that fund managers can meet redemptions; and, reforms to reduce the reliance on credit ratings and encourage the establishment of stronger internal credit risk assessment practices. In the wake of last week’s dust up at the U.S. Securities and Exchange Commission (SEC) over proposed new rules for money market funds, global securities regulators pledged to continue to pursue reforms to address the systemic risks posed by those sorts of funds. Last week, SEC chairwoman, Mary Schapiro, declined to put proposed new regulatory reforms for U.S. money market funds to a vote, on the basis that the majority of the commissioners intended to vote against the proposals. Opposing commissioners expressed concern about the impact of the proposals on the fund industry, and the risk that tighter rules could push investors into less-regulated alternatives. Share this article and your comments with peers on social media read more

Regulators closer to cross-border oversight of alternative fund managers

Canada’s big four securities regulators have agreed to a deal with European regulators that facilitates the cross-border oversight required to allow alternative fund managers, such as hedge funds, to operate in Europe. The Ontario Securities Commission (OSC), Autorité des marchés financiers (AMF), Alberta Securities Commission (ASC) and B.C. Securities Commission (BCSC) said Thursday that they have entered into supervisory memorandums of understanding (MOUs) with European regulators regarding the supervision of alternative investment fund managers. Potential implications of the CSA’s alternative funds proposal Related news The MOUs provide a framework for mutual assistance in the oversight of certain participants in the asset management industry, including portfolio managers and investment fund managers. The agreements are a pre-condition for allowing foreign alternative investment fund managers to manage and market alternative funds (including hedge funds, private equity and real estate funds) in the European Union (EU), and to perform fund management activities on behalf of EU managers. The Europeans that are part of the deal with the Canadian regulators include authorities in the UK, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovak Republic, Spain, and Sweden. Share this article and your comments with peers on social media Facebook LinkedIn Twitter SEC warns investors about risks of investing in “alternative mutual funds” Provincial regulators ink agreement with Gibraltar James Langton Keywords Alternative investments read more

New pension law reflects changing expectations

first_img Federal budget fails to support needed pension reform, retiree group says Fiona Collie Budget 2021 revives tax issues from 2019 Related news Canadian plan sponsors post positive quarter despite bond slump A new requirement coming into effect for Ontario pension plans to explain how they are incorporating environmental, social and governance (ESG) factors into their investment decisions reflects a growing expectation that pension plan managers consider more than financial outcomes for their beneficiaries, said Ed Waitzer, a partner with Stikeman Elliott LLP in Toronto at the 2015 Institutional Investment Forum hosted by Jarislowsky Fraser Global Investment Management in Toronto on Thursday. In late 2014, the Ontario government amended the Ontario Pensions Benefits Act. In the updated law, pension plans must state whether ESG factors are incorporated into their statement of investment principles and policy principles and if so, how, starting on Jan. 1, 2016. Furthermore, the amendment implies that if a plan member has not included ESG factors in its statement of investment principles, it must be prepared to explain why, according to Waitzer, who’s the Jarislowsky Dimma Mooney chair in corporate governance: “What’s interesting is this [amendment] didn’t attract a lot of debate.” Indeed, a recent survey by Ernst & Young LLP suggests that the financial services sector is starting to value companies that consider more than just numbers. For example, 80% of institutional investors from across the globe surveyed by E&Y consider mandatory board oversight of non-financial reporting to be “essential” or “important,” compared with the 36% who said the same in 2014. Governments are also paying more attention to ESG matters. For example, Mark Carney, governor of the Bank of England governor, recently hosted a one-day meeting on the theme of “building real markets for good people.” The event was so popular that it was simultaneously broadcast to a number of different cities, said Waitzer. “This is the Bank of England,” he said, “joined by a number of others at the [European] Central Bank viewing their role as one of taking leadership and reasserting the social utility of financial services and markets.” The courts and securities regulators are also interested in whether financial markets participants are playing fair. For example, the New York State’s attorney general investigated Thomson Reuters Corp. in 2013 because the company was pre-selling research to high-frequency traders (HFT). Thomson Reuters has since stopped providing HFTs with early access to the research. “Since the financial crisis regulators and courts have demonstrated a willingness, almost a zeal, to sanction conduct that is technically legal but is perceived as unfair because it doesn’t meet the test of reasonable expectation,” said Waitzer. Keywords Pensions Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more